R.R. Donnelley Can Print Fat Dividends

Shares of the printing company are backed up by an 8% cash yield, which isn't going away.

Globally, putting ink to paper is a huge, fragmented but consolidating business with roughly $400 billion in revenue, and for the largest player in North America, R.R. Donnelley & Sons (ticker: RRD), printing generates a ton of cash.

Based in Chicago, Donnelley claims to have published the first-known telephone directory. But that's a little piece of the $11 billion...